January 19, 2009
Video
An Economist’s Perspective: Three Major Construction Industry Stories for 2009
CanaData chief economist Alex Carrick tells us, from an economist’s standpoint, what the top construction stories of 2009 will be.
Here’s a brief countdown of each of the stories, beginning with number three and ending with Carrick’s pick for the top construction story of 2009.
Number Three: The growth in private-sector construction.
Number Two: The push for more infrastructure spending.
Number One: The moderation of construction costs.
In short, now is the time to build, says Carrick, in order to take advantage of lower costs and increased availability of material and manpower.
“The advantage of building now is the story that most major associations in the industry should and will be promoting as strongly as possible in the marketplace as the year progresses,” says Carrick.
| MOST POPULAR STORIES |
- Government should be more flexible with stimulus project deadline, outgoing ORBA president says
- Prime site moves from contamination to condo in Cambridge, Ontario
- Mine tower largest steel project ever undertaken by Gorf Contracting
- Concrete from Giants Stadium demolition to be buried on site
- McGuinty: We can’t take our foot off ‘public dollar gas pedal’ too quickly
- 20 Most Popular Stories
| TODAY’S TOP CONSTRUCTION PROJECTS |
These projects have been selected from 350 projects with a total value of $6,260,468,758 that Reed Construction Data Building Reports reported on yesterday.
$98,000,000 Toronto ON Negotiated
CONDOMINIUM APARTMENT BUILDING
$89,000,000 Toronto ON Negotiated
$50,000,000 Toronto ON Negotiated
| CURRENT STORIES |
- Work continues on Pearl Condos in Toronto
- ‘A good first step forward,’ Canadian construction industry says of U.S. stimulus agreement
- Government should be more flexible with stimulus project deadline, outgoing ORBA president says
- Steel provides structure for historic hotel revival in Port Hope, Ontario
- Ontario businesses scramble to ready for arrival of HST
- Construction continues on Atira Women’s Resource Society housing project in Vancouver
- Five still unaccounted for after Connecticut power plant explosion
- U.S. manufacturing employment up, but construction losses continue
- Peterborough Utilities unveils plan for 10-megawatt wind farm
- China orders local governments to pay workers on private sites
- New deal allows Canadian construction firms to bid on U.S. stimulus projects
- Construction continues on Canadian Natural Resource office in St. Albert, Alberta
- Canadian Construction Association summit zeroes in on industry concerns
- Art Gallery of Alberta addition showcases steel
- 5,000-room modular lodging project taking shape near Fort McMurray, Alberta
- Five-year forecast looking up for British Columbia construction industry
- Saskatchewan gets new natural gas trades training centre
- B.C. permit numbers rise while Alberta’s fall
- Trades lack LEED understanding
- Nexen, OPTI Canada get approval for cogeneration power plant near Fort McMurray
- Aecon wins $22 million in contracts for steam generators
- SNC-Lavalin partners with Russian bank to form engineering company
| ALEX’S ECONOMICS BLOG |
Reed Construction Data Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
- A review of some global economic and policy expectations for 2010 (February 3, 2010)
- Synopsis of RCD’s webinar on the economic and construction outlooks (January 28, 2010)
- Increasing signs of world and U.S. economies getting back on track (January 28, 2010)
- More
